Alexandria Minerals Corporation

Alexandria Minerals Corporation

April 04, 2006 09:27 ET

Alexandria Minerals Corporation Announces $400,000 Non-Brokered Private Placement; Hires Investment Relationship Firm

TORONTO, ONTARIO--(CCNMatthews - April 4, 2006) -


Alexandria Minerals Corporation (the "Company") (TSX VENTURE:AZX) announces that it has agreed to raise $400,000 pursuant to a non-brokered private placement. Alexandria intends to use the proceeds of the private placement to establish an investor relations and marketing program, for new property acquisitions and for general corporate purposes. The private placement is subject to approval of the TSX Venture Exchange.

Separately, the Company issued 50,000 common shares to Leo Audet and Jean Robert pursuant to the terms of the Company's option agreement in respect of 11 claims on the Company's Siscoe Property. The issuance of these shares completes all of the Company's obligations to Messrs Audet and Robert in respect of such claims. These shares are subject to a four month hold period from the date of issuance.

Alexandria has retained the services of Coal Harbor Communications, Inc. to provide investor relations for the Company. The principal of Coal Harbor is Mr. Dale Paruk, an experienced investor relations and public relations professional. Coal Harbor maintains its offices in Vancouver, British Columbia and works closely with financial analysts, advisors and investors in Canada and the United States. Coal Harbor will receive a fee of $6,000 per month, including expenses, starting March 24, 2006. The term of the contract is one year, and is subject to approval of the TSX Venture Exchange. Coal Harbor and Dale Paruk are at arm's-length to Alexandria.

Alexandria Minerals Corp. is a Toronto-based mineral exploration and development company, currently focused on the exploration for precious metals on five mineral properties located in Northern Ontario and Quebec. The Company's management has extensive global experience in small to large mining companies, from grass-roots exploration to the exploitation of mineral deposits. The Company is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.

WARNING: The Company relies upon litigation protection for "forward-looking" statements. This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of up-coming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Alexandria Minerals Corporation relies upon litigation protection for forward-looking statements

Shares Issued - 19,640,997

Last Close 2006/03/31 C$.325

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

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